Asians buy in OC...

User Forum Topic
Submitted by flu on March 14, 2012 - 1:46pm

Article in bloomberg...

http://www.bloomberg.com/news/2012-03-13...

I feel poor...


Connie Wang paid about $960,000 last June for a new four-bedroom, four-bath house in a sprawling swath of Southern California that’s home to Disneyland and Pimco. Now she may buy a second as an investment.

“You know why Orange County is doing better?” said Wang, a native of Taiwan who splits her time between Shenzhen in southern China, where she oversees a toy-manufacturing business, and Irvine, California, where she raised her three children. “It’s because all my neighbors are from China and Taiwan, and they all bought their homes in cash.”

Submitted by sdrealtor on March 14, 2012 - 1:50pm.

Go long on Zynga;)

Submitted by The-Shoveler on March 14, 2012 - 2:37pm.

If our immigration policy was like Canada’s, this web site would probably have died a long time ago.
(but I think it has now taken a new life with a new purpose these days however).

Submitted by desmond on March 14, 2012 - 5:00pm.

I heard Carmelo is coming to the OC.

Submitted by sdrealtor on March 14, 2012 - 5:46pm.

Why not? Vanessa is available and she already has the big rock.

Submitted by ocrenter on March 14, 2012 - 8:51pm.

Seriously this was the main reason we moved to SD from Irvine. Asians are infamous for driving up real estate prices wherever they congregate. By moving to SD, we are able to buy a house that is less than 1/2 the price of similar home in Irvine, in a neighborhood with higher average income compared to the best area in Irvine. And without the malignant intra-Asian competition on everything from children's grades in school to the type of car you drive.

As for Melo, looks like he is staying put in NY.

Submitted by flu on March 15, 2012 - 3:33am.

ocrenter wrote:
Seriously this was the main reason we moved to SD from Irvine. Asians are infamous for driving up real estate prices wherever they congregate. By moving to SD, we are able to buy a house that is less than 1/2 the price of similar home in Irvine, in a neighborhood with higher average income compared to the best area in Irvine. And without the malignant intra-Asian competition on everything from children's grades in school to the type of car you drive.

As for Melo, looks like he is staying put in NY.

Go look at who's buying in Del Mar Mesa recently...It ain't that much better. But Irvine...It has always been fobbietown so I didn't expect anything else.

That's just fvcking great....I grew up in H.S. with the "second wave" fobbies from taiwan and korea that were so goddamn tacky and fvcking arrogant...Some of these H.S. punks had mommy/daddy buying them cars and homes nicer than I have now.......Now I get to live around "second wave" fobbies from china, who will probably be equally tacky... Time to dye my hair, inject hormones to change my skin color, change my last name, and start dressing like a punk rocker....

Thank you fvcking america for buying all the crappy shit from China...You did a great job making overseas people rich and fvcking annoying......

Submitted by ocrenter on March 15, 2012 - 7:20am.

flu wrote:

Go look at who's buying in Del Mar Mesa recently...It ain't that much better. But Irvine...It has always been fobbietown so I didn't expect anything else.

That's just fvcking great....I grew up in H.S. with the "second wave" fobbies from taiwan and korea that were so goddamn tacky and fvcking arrogant...Some of these H.S. punks had mommy/daddy buying them cars and homes nicer than I have now.......Now I get to live around "second wave" fobbies from china, who will probably be equally tacky... Time to dye my hair, inject hormones to change my skin color, change my last name, and start dressing like a punk rocker....

Thank you fvcking america for buying all the crappy shit from China...You did a great job making overseas people rich and fvcking annoying......

yes, I do see a lot of migration down into SD, and more specifically CV (hence CV prices never really went down), but we are still more of a secondary destination compared to LA/OC.

per census data SD added almost 90k Asians from 2000 to 2010. that's almost a 50% increase in 10 years. all Asian groups grew in numbers except for the Japs. If you look at SD population growth, SD grew from 2.8 million to 3.1 million. so essentially almost 1 out of 3 new SD resident over the 10 year period is Asian. I expect that trend to accelerate.

We are essentially 15 years behind OC as far as the Asian migration and influx. I was priced out in OC, but by moving to SD, I'm ahead of the fobbie peril. may be buying investment houses within the 56 corridor is the way to go given the pending invasion from OC, it is inevitable.

Submitted by scaredyclassic on March 15, 2012 - 8:22am.

Did people used to say this stuff about the Jews?

Submitted by ocrenter on March 15, 2012 - 8:51am.

walterwhite wrote:
Did people used to say this stuff about the Jews?

The scary thing about that is there are over a billion Asians...

Submitted by AN on March 15, 2012 - 9:55am.

ocrenter wrote:
walterwhite wrote:
Did people used to say this stuff about the Jews?

The scary thing about that is there are over a billion Asians...


Try about 3 billions :-). ~1.4B Chinese, ~1.4B Indians, and all the other Asian countries will push it over 3B.

Submitted by enron_by_the_sea on March 15, 2012 - 10:07am.

Deleted

Submitted by dumbrenter on March 15, 2012 - 10:27am.

Indians are not Asians.

AN wrote:
ocrenter wrote:
walterwhite wrote:
Did people used to say this stuff about the Jews?

The scary thing about that is there are over a billion Asians...


Try about 3 billions :-). ~1.4B Chinese, ~1.4B Indians, and all the other Asian countries will push it over 3B.

Submitted by Tickles on March 15, 2012 - 10:49am.

dumbrenter wrote:
Indians are not Asians.

Really? What are we then?

Submitted by AN on March 15, 2012 - 10:49am.

dumbrenter wrote:
Indians are not Asians.

They're not South Asians? Are you saying Wiki's definition South Asians are wrong?

http://en.wikipedia.org/wiki/South_Asian

Submitted by jstoesz on March 15, 2012 - 10:58am.

subcontinentians

Submitted by ocrenter on March 15, 2012 - 11:13am.

Tickles wrote:
dumbrenter wrote:
Indians are not Asians.

Really? What are we then?

apparently you guys are suppose to be caucasians because of the influx of Aryans from the middle east a few thousand years ago. :)

Submitted by dumbrenter on March 15, 2012 - 1:03pm.

Indians are not caucasians either.

ocrenter wrote:
Tickles wrote:
dumbrenter wrote:
Indians are not Asians.

Really? What are we then?

apparently you guys are suppose to be caucasians because of the influx of Aryans from the middle east a few thousand years ago. :)

Submitted by jstoesz on March 15, 2012 - 1:39pm.

I can't decide to what degree I should be offended by this thread.

Submitted by sdrealtor on March 15, 2012 - 1:43pm.

Lately these threads all the look the same to me.

Submitted by briansd1 on March 15, 2012 - 2:11pm.

Actually, in all the big metropolitan areas, the percentage of immigrants has grown in the last few decades. That's especially true for California as a whole.

Middle class whites are retreating to places like Spokane, WA and Fort Collins, CO.

Asians stand out because they look different. But there are plenty of people from Russia and Eastern Europe (who look slimmer and dress a better than White native born Americans). Orange County and Los Angeles have a huge population of Iranian Americans.

San Diego and LA has a big population of wealthy Mexicans who have homes here. Go to Fashion Valley and chances are that the well-dressed buyers are Mexican.

Globalization is taking place faster than people can adapt.

It makes sense for a small portion of people around the planet to shelter some of their wealth in America. After all we are still the most politically stable country with the dollar still the world currency. And relative to other countries, our culture is welcoming.

American universities are the best so it makes sense for people to buy houses for their kids to go to school.

American English is the language of business so people want to learn. There's a cachet about being at ease with world culture.

This is all good as we want to attract the best and the brightest.

Submitted by sdrealtor on March 15, 2012 - 3:08pm.

Not to mention we want to attract the slimmest and well dressed also

Submitted by UCGal on March 15, 2012 - 3:56pm.

briansd1 wrote:
But there are plenty of people from Russia and Eastern Europe (who look slimmer and dress a better than White native born Americans).

Head up to the far-northeast section of Philadelphia next time you're there. Tell me then, that Russians are all slim and stylish... Check out along Bustleton Ave and Red Lion Rd... I have coworkers from that area... they weren't slim or stylish. Maybe that's an engineer thing, though.

As for the rest of this thread... I am afraid to comment. Anything I say will be construed as racist. Even this statement will be construed as racist. Even reading it I'll be called racist.

Submitted by AN on March 15, 2012 - 4:20pm.

UCGal wrote:
As for the rest of this thread... I am afraid to comment. Anything I say will be construed as racist. Even this statement will be construed as racist. Even reading it I'll be called racist.

That's racist.That's racist.
:-D

Submitted by UCGal on March 15, 2012 - 6:59pm.

Lol, AN

Submitted by enron_by_the_sea on March 22, 2012 - 4:15pm.

ocrenter wrote:
Tickles wrote:
dumbrenter wrote:
Indians are not Asians.

Really? What are we then?

apparently you guys are suppose to be caucasians because of the influx of Aryans from the middle east a few thousand years ago. :)

Interestingly, I learned recently that SCOTUS actually settled this issue way back in 1923!

Quote:

Associate Justice George Sutherland found that, while Thind, an Asian Indian, may claim to have "purity of Aryan blood" due to being "born in Village Taragarh Talawa,near Jandiala Guru, Amritsar, Punjab" and having "high caste" status; he was not Caucasian in the "common understanding", so he could not be included in the "statutory category as white persons".

http://en.wikipedia.org/wiki/United_Stat...

Submitted by DaCounselor on April 3, 2012 - 10:42am.

Interestng article - thanks for the link flu. I suppose it should be no surprise that immigrants would tend to congregate geographically. In CV there are a couple of elementary schools where the asian demographic is pushing 40%. If my CV realtor friend's observations are accurate, based on current inflow those numbers will continue to rise.

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